Industrial park designation enables tax benefits under section 80IA subject to specified infrastructure, allocation and compliance conditions. Notification designates M/s. Primal Projects Private Limited's undertaking at PriTechPark, Bellandur, Bangalore as an industrial park for purposes of clause (iii) of sub-section (4) of section 80-IA, subject to annexed terms: specified location, area, primary activity (software supply services), 95% industrial and 5% commercial allocation, minimum number of units, proposed investments and commencement date. Tax benefits accrue only after the minimum units are located. Conditions include minimum infrastructure investment thresholds (50% generally; 60% where built-up industrial space provided), qualifying infrastructure items, a cap of 50% allocable industrial area per single unit, requirement for statutory approvals, operator continuity, transfer notification, and invalidation or withdrawal for misinformation, non-disclosure, unauthorized amendment, or non-compliance.